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MicroStrategy CEO Michael Saylor dismissed the idea of governments seizing Bitcoin as a “metaphor,” but argued for custody by large financial institutions rather than self-custody.Saylor recently appeared on the Markets with Madison podcast and addressed the concerns of people he calls “paranoid crypto anarchists” who fear such seizures. He said such individuals often defy regulations, government authority, taxes and reporting requirements, increasing the risk of foreclosure.According to Thaler,“When you have a bunch of unregulated crypto anarchists who don’t recognize government, don’t recognize taxes, don’t recognize reporting requirements, and hold Bitcoin, I think that increases the risk of seizure.”He stressed that,…
Disclosure: This article does not represent investment advice. The content and materials published on this page are for educational purposes only. Amid the bullish mood after Bitcoin’s recovery, Cardano and XRP gained momentum, with Lunex Network’s pre-sale exceeding $1 million. Cardano (ADA) and XRP (XRP) are showing signs of potential upside and are attracting investor attention. The recent price increase reflects broad bullish sentiment across the cryptocurrency industry following Bitcoin’s price recovery. This move has brought new confidence to the market, with various cryptocurrencies including Cardano and XRP benefiting from the change in sentiment. Meanwhile, Lunex Network’s presales continue to…
On October 21, decentralized exchange (DEX) Raydium surpassed the Ethereum network in 24-hour revenue, according to DefiLlama. According to DefiLlama’s data on daily revenue from protocol fees, Raydium, hosted on the Solana blockchain, had $3.4 million in fee revenue for the day, compared to Ethereum’s $3.35 million. Ethereum is still recovering from a sharp drop in revenue after the network’s March Dencun upgrade slashed transaction fees by about 95%. While Ethereum still outperforms other blockchain networks such as Solana, it regularly lags behind protocols such as Radium. Related: Pump.fun flips Ethereum with 24-hour revenue generation — DefiLlamaAccording to data from…
advertisement Minneapolis Fed President Neel Kashkari, who once likened Bitcoin to a Beanie Baby, clashed with the crypto community on Monday when he declared the digital asset was only useful for buying drugs and other criminal activities. Kashkari is not a friend of cryptocurrencies Kashkari claims that cryptocurrency payments are primarily related to illegal activities. Speaking Monday at a Wisconsin City Hall event hosted by the Chippewa Falls Area Chamber of Commerce, he said cryptocurrencies are being used for “a very small number of transactions.” “People are buying and selling cryptocurrencies, but they are not paying for goods or services.…
Legendary investor Paul Tudor Jones is concerned about the current state of the US economy and rising debt. His investment solutions to hedge against inflation include buying commodities, including Bitcoin. “I think all roads lead to inflation,” he told CNBC on Tuesday. “I’m long gold, I’m long Bitcoin. I’m long commodities because I think they’re incredibly undervalued.”He added that most young people find an inflation hedge by investing in the Nasdaq, “which is great.” Mr. Jones, a billionaire investor who founded the hedge fund Tudor Investment Corporation, said he was concerned about the U.S.’s rising debt. The US national debt…
advertisement Due to an increase in transactions, Dogecoin’s on-chain data remains strong and the whales are on fire. Santiment, a leading on-chain metrics provider, acknowledged that “on-chain activity shows that the whale is not completing the bullish momentum of crypto’s top meme coins.” Although they booked profits just before the all-time high, activity on DOGE’s network is still very high. ” Source: Santiment Address activity is also on the rise, with this metric reaching a seven-month high, given that 63,689 DOGE addresses transferred coins in just three days. Meanwhile, whale trade surged to a four-month high, reaching a level of…
Bitcoin remained stable on the day, trading above $67,000 on Tuesday. Ethereum and XRP corrected by nearly 2% on the day. The US presidential election could affect the prices of Bitcoin and altcoins, according to experts. Bitcoin, Ethereum, XRP updates Bitcoin was trading at $67,184 early Tuesday. The largest cryptocurrency by market capitalization has held steady above the $67,000 level as traders speculate on the outcome of the US presidential election. Ethereum fell 1.57% on the day to trade at $2,624. The Ether ETF recorded net outflows of $20.8 million, according to data from Farside Investors. XRP traded at $0.5327,…
Indian regulators are considering banning private cryptocurrencies such as Bitcoin, focusing on the potential of central bank digital currencies (CBDCs) to provide a more secure and inclusive financial system, according to local media reports. It is said that they are doing so.The government is consulting with key institutions on this issue, with many supporting a ban on private cryptocurrencies. According to the report, they highlight that potential benefits such as ease of transfer of benefits can be achieved with the country’s digital rupee.An official told reporters on condition of anonymity:“CBDCs can do everything that private cryptocurrencies claim to do, but…
Buenos Aires has introduced a new digital ID system that prioritizes privacy using zero-knowledge technology. According to a Chainwire press release, the Argentine government has integrated QuarkID, a blockchain-based identity solution, into the miBA app to provide services and documents to more than 3.6 million residents. The initiative was launched on October 1, 2024, making Buenos Aires the first city in the world to adopt ZK technology for the management of decentralized digital identities. The introduction of QuarkID will give residents more control over their personal data. The system allows you to manage documents such as birth certificates and tax…
Stablecoins are cryptocurrencies pegged 1:1 with the value of fiat currencies such as the dollar, and have emerged as one of the most effective ways to make international payments using blockchain, such as Visa and Large companies such as PayPal are encouraging them to integrate stablecoins into their services. The latest payments giant to move forward with stablecoin adoption is Stripe, which announced the acquisition of startup Bridge on Monday. The $1.1 billion acquisition was originally announced by TechCrunch founder Michael Arrington on X on Sunday and later confirmed by both Stripe and Bridge. The deal marks the largest cryptocurrency…